In yesterday's analysis, I mentioned that 2400 is the target point for this round of rally. The first touch of this area likely would see a pullback, and as expected, we maintained a bullish outlook up to 2400 in the live trading, then turned to short, taking profit at 2330. One long and one short, the profit is quite handsome! Looking at today's market analysis, Ethereum is generally in a high-level oscillation and correction phase after the rally, with no signs of a trend reversal. However, the upper band has some resistance, and the Bollinger Bands have started to flatten, indicating that the upward momentum has temporarily slowed, entering a consolidation phase. The strong resistance level above remains around 2380–2400, and the key support below is at 2330–2310. As long as it does not break below this range, the final winner will still be the bulls.

It is recommended to enter long positions around 2330–2350, targeting 2380–2400.

Our target for Bitcoin yesterday was 80500. Like Ethereum, after taking profits on longs, we reversed to short positions, closing at around 79500. One long and one short, and I believe the crypto traders following along have gained quite a lot, no need for me to elaborate. Looking at today’s trend, Bitcoin has risen to around 80700, currently hovering around 80200. The bullish trend remains intact; this is a normal correction and recharging after the rally. The one-hour chart shows high-level oscillation with a slight strength, with the bulls trying to recover as the bearish momentum wanes. As long as it does not break below the key support at 79000, the market will test the previous high resistance again.

Suggestion: Enter long positions around 79500–80000, targeting 80700–81500.